Which of the Following Items Would Be Least Likely to Appear

question 111

Multiple Choice

Which of the following items would be least likely to appear in the current liabilities section of a classified balance sheet?

• A)Bonds Payable.
• B)Wages Payable.
• C)Accounts Payable.
• D)Interest Payable.

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Definitions:

Remittance

The act of sending money in payment or as a gift, often by a worker to their family in their home country.

Discount Period

The time frame within which a discount is offered for prompt payment on goods and services, often used in sales and invoicing.

Cash Discount

A reduction in the price of goods or services offered to a buyer by a seller for prompt payment.

Invoice Date

The specific date on which an invoice is issued, marking the point from which payment terms are calculated.